Thorney Investment Group

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Comments12

Companies5

Positions opened0

Positions exited0

Last published31 Dec 2025

Companies discussed, last 12 months

3 companies, monthly, latest action on the right

NovJanMarMayJulSepLatest

AMAAMA Group LtdHeld ANGAustin EngineeringHeld ZIPZip CoHeld

Commentary

DateManagerCompanyActionSummary

31 Dec 2025Thorney Investment Group AMAHeldThe fund manager continues to hold AMA Group, which was slightly weaker over the month despite confirming its earnings guidance for FY2026 at the company's AGM in November. The manager notes it is possible the AMA share price was affected by a rebasing of the share register following the shareholder-approved 1 for 10 share consolidation.

Monthly Report, price recorded $0.80

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17 Nov 2025Thorney Investment Group ANGHeldThe manager continues to hold Austin Engineering despite growing frustration with the company's inability to resolve operational and contractual missteps that have damaged earnings and market sentiment, with a recent market update indicating significant steps have been taken to address long-standing issues. The manager notes that Austin Engineering has historically been a positive contributor to portfolio performance but recent operational challenges including manufacturing errors and contract missteps have yet to be fully rectified despite prior representations. The manager believes the corrective actions underway should eventually restore Austin Engineering's performance, but acknowledges the company has not yet delivered on its commitments.

Mining ServicesAnnual Report, price recorded $0.21

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10 more commentsEvery comment this manager has published, with sources.

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About Thorney Investment Group

Activist Focused, Micro/Small-Cap

Thorney Investment Group is the private investment vehicle of Australian businessman Alex Waislitz, built on the fortune generated through the Pratt family's packaging empire. Thorney specializes in active, often activist stakes in small and micro-cap ASX-listed companies, frequently taking board representation to influence strategy and unlock value. It operates several listed investment vehicles, including Thorney Opportunities and Thorney Technologies, giving retail investors access to its concentrated small-cap and emerging technology portfolios. The group's approach blends private equity-style engagement with public market investing, backing founders and management teams in sectors ranging from resources and technology to consumer and healthcare businesses, and it has a long history of participating in capital raisings and corporate turnarounds.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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